19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 19 hours ago
- Bias Distribution
- 100% Center
Meta Platforms is facing a potential fine from the European Union of up to 10% of its annual revenue, approximately $135 billion, due to alleged anti-competitive practices in the classified advertising market, particularly through its Marketplace services. Regulators claim that Meta is leveraging its social media platforms to undermine competition by linking free Marketplace offerings with its dominant social network. The investigation, which began in 2019, has already suggested that Meta distorts competition by profiting from data collected through its services without compensating competitors. A decision from the EU could be announced as soon as next month, continuing the EU's broader crackdown on Big Tech. Meta has publicly denied the allegations, asserting that its Marketplace operates fairly and plans to appeal if found guilty. This case marks one of the last actions overseen by the EU's competition chief, Margrethe Vestager.
- Total News Sources
- 1
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 19 hours ago
- Bias Distribution
- 100% Center
19Negative
Serious
Neutral
Optimistic
Positive
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